The story of the OP is very different from mine - I'm not saying it's false, but it is questionable.
I was born in the late 1950's - so my childhood was the 60's and 70's.
My dad is a CPA, a professional, graduate of USC. We had a 3 bedroom home with a single bath when I was very young, but upgraded to a 4 bd, 3 bath when I was about 6.
We had 1 car - so did everyone else in the neighborhood. We had a single black and white TV in the living room. Our first Color TV was about 1974. Eating out was something we did on birthdays, though my parents went out once a month by themselves We children were left alone when they went out.
Meals were good, but consisted of ground beef, pasta, potatoes, and vegetables. Many of the vegetables were grown in the yard, We got one soda a week, on Sunday after church. Steak was maybe twice a year - rich people ate steak. We had a built in pool. But we kids cleaned it, we mowed the lawns and did the weeding. When I started Jr. High, my mom went back to work, though a college graduate, she took a job as a waitress - it paid more than she could make as a legal secretary. She bought a second car, a nice one.
The life I gave my kids was a level of luxury my parents could never afford. My 5 bedroom house is actually smaller in sq ft than my parents house, but when the kids were at home, there was a time when we had 6 cars. The 75" home theater in the living room. and a TV in every other room, all connected to the HTPC. I have a pool, but I also have pool boy to maintain it. I have a gardener for the yard. My wife works, and we have a maid who comes in every 2 weeks to do the heavy cleaning. We eat steak and lobster whenever we feel like it. We eat out several times a week. We fly to Mexico to vacation in the timeshare, or to Europe to tour the castles.
My wife and I have a lifestyle way beyond anything my parents had - and they were both college graduates.
My older brother is a medical doctor, my sister a teacher. We all attended college, we all had heavy student loans to pay back afterwords; This was in the 70's
I had my first job at 14, and bought a car the day I was 16. From 16 on I paid all my own bills, clothes, you name it. My kids all had cars, but I bought every one of them (4) their first car. I paid for the first two years of college, then they were on their own. 3 of four have bachelors, one is working on her masters.